Speaking of emotion, at some point, the impact of any future significant other should be pointed out. even if your niece is financially literate and smart, it does not mean anything, if the signifant other is just the opposite.

Then there is the issue with wedding expenses, if it comes to that. They tend to be in the same ballpark than a 20% down payment for a house in the US. Thatís a huge opportunity cost if you can only do one of the above. I think it is important to point this out.

The smartest thing you can do is get out of the way.Pay for them to see a female financial advisor and a female 'life-coach', preferably one whose client base is primarily business women, divorcees, and mistresses/madams.

The sexist reality is that a womens looks and fertility are a wasting asset, that she needs to maximize the value of. And the porfolio management skills required are way beyond what is being discussed here.

There are some funny sides.You will periodically find out how stunningly prudish you are! which will impact your sex life.